Peter Wiese - Jun 12, 2023 Form 4 Insider Report for TRICO BANCSHARES / (TCBK)

Role
EVP Chief Financial Officer
Signature
/s/ Peter Wiese by Janine Howard, Attorney-in-Fact
Stock symbol
TCBK
Transactions as of
Jun 12, 2023
Transactions value $
-$120,523
Form type
4
Date filed
6/13/2023, 07:50 PM
Previous filing
Jun 6, 2023
Next filing
Jun 27, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TCBK Common Stock Options Exercise +7.74K +33.29% 31K Jun 12, 2023 Direct F1
transaction TCBK Common Stock Tax liability -$121K -3.24K -11.47% $37.21 25K Jun 12, 2023 Direct F2
transaction TCBK Common Stock Other $0 0 0% $0.00* 903 Jun 12, 2023 By ESOP F3
transaction TCBK Common Stock Other $0 0 0% $0.00* 2.7K Jun 12, 2023 By family trust F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction TCBK Performance Stock Unit Options Exercise $0 -7.74K -48.73% $0.00 8.14K Jun 12, 2023 Common Stock 7.74K Direct F1
transaction TCBK Restricted stock unit Award $0 +5.72K +64.83% $0.00 14.6K Jun 12, 2023 Common Stock 5.72K Direct F4
transaction TCBK Performance Stock Unit Award $0 +5.72K +70.29% $0.00 13.9K Jun 12, 2023 Common Stock 5.72K Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Vesting of performance-based stock unit (PSU). Each PSU represented the right to receive 0%-150% of the target number based on the Issuers total stockholder return relative to the KBW Regional Banking Index (based on an initial grant of 6428 PSUs which was reported in the original Form 4 for this grant). PSUs vested at 120.4%.
F2 Reflects shares withheld to pay tax liability.
F3 No transactions occurred amongst these shares. Intended only to reflect the number of shares beneficially owned.
F4 Represents a grant of Restricted Stock Unit (RSU) award which vests 33.3% per year over 3 years. Cash dividends on RSUs are reinvested in shares of Issuers common stock at fair market value on date of dividend payment. Per unit value on date of grant was $33.74 (based on the 30-day average closing price of Issuers common stock ending 06/12/2023).
F5 Represents a grant of Performance-based restricted stock unit (PSU) award that cliff vests after 3 years between 0% and 150% of the target number of shares (the numbers of shares listed in box 5) based on the Issuers total stockholder return relative to the KBW Regional Banking Index.